Xin Lang Cai Jing·2026-02-09 00:08Core Viewpoint - The report from Huatai Securities indicates that the Hong Kong stock market experienced increased volatility due to global risk asset fluctuations, a pullback in the global software industry, controversies surrounding subsidies for Hong Kong tech giants, a rebound in the US dollar, and ongoing impacts from the commodity market [1] Group 1: Market Dynamics - Despite the volatility, the liquidity in the market remains relatively abundant, with significant inflows from foreign and southbound investors driving strength in traditional sectors such as agriculture, food and beverage, and transportation [1] - The upcoming peak earnings season for US tech stocks and a potential decrease in precious metal volatility are anticipated, along with several catalysts in technology and consumer sectors around the Chinese New Year [1] Group 2: Investment Strategy - The recommendation is to maintain a balanced portfolio and hold stocks through the holiday period, with a focus on sectors that have seen concentrated negative pricing, such as semiconductors, and those with improving trends in consumer goods, real estate chains, and innovative pharmaceuticals [1] - The mid-term investment strategy remains unchanged, with a suggestion to accumulate resource stocks after stabilization and to overweight insurance and local Hong Kong stocks [1]